Seller's Contact Information

  • RE:  Italian Restaurant In Erie County
  • Contact:  Brad Ruth
Owner Financing is Available!
Owner is willing to seller finance a qualified buyer.

Quick Facts

Asking Price: $295,000
Annual Revenue: $1,200,000
Net Profit: $178
Cash Flow: $178,000
Total Debt: Not Disclosed
FF&E: 50,000
Real Estate: Not Disclosed
Year Established: 1965
Employees: 20
BBN Listing #: 436462986
Broker Reference #: ERIEITALIAN

Email or Print Listing

Business Overview:

This iconic restaurant has been in business for over 50 years. They have a huge following in their city and surrounding community. They have homemade recipes they have been serving since the 1960s. The restaurant has two banquet rooms which help cater to their customers when they have showers, birthdays, retirements, etc. The restaurant was remodeled and updated in 2017 and it is beautiful inside and out. They have a dining room and bar area that seats 150 people, which has been reduced from 250 based on labor shortage and COVID restrictions. This has been a successful and profitable restaurant for many years and it just needs a new owner to inject their time and talents. This restaurant has a great staff that they would like to keep employed with the new owner. The reason for the sale is the owner is looking to retire.

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Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • This is not homebased business opportunity.
  • This is not a franchise resale opportunity

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Cash Flow Not Disclosed
Revenue Not Disclosed
$ Owner Financing Available

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